IBK Capital - Ivey Business Plan Competition
The IBK Capital - Ivey Business Plan Competition is Canada’s premiere student business plan competition. With entrepreneurial teams drawn from the top graduate schools across the country, the competition offers students an opportunity to present innovative business plans to potential investors, while providing investors an advance look at up-and-coming Canadian entrepreneurs. The event is organized by student volunteers and funded by private sponsorship. This year, the winning team will vie for $25,000 in cash prizes.
Ten finalist teams will be invited to Ivey for final round presentations to a panel of judges made up of venture capitalists, successful entrepreneurs, consultants and academics. The Grand Prize winners will also be the sole Canadian representatives in the world-famous Global MOOT Corp Business Plan Competition held at the University of Texas (Austin). In Texas, teams will vie for the grand prize of USD $100,000 in equity investment to fund operations of their business plan.
See photos from the 2009 event on our Facebook Page.
For more information, contact Ellen Brown or see the IBK website HERE
All Events
All upcoming Ivey events.
Entrepreneurial Classes
Creativity & Opportunity Recognition 4422
This course serves as an introduction to the entrepreneurial process and other entrepreneurship classes at Ivey. Specifically, this class focuses on creating or searching for venture ideas and screening them for valid business opportunity. This is typically seen at the beginning of the entrepreneurial process: Searching – Screening – Planning – Financing – Set-up – Start-up – Harvest.
New Venture Creation 4452
The purpose of this course is to explore the many dimensions of new venture creation and growth, and to foster innovation and new business formations in independent and corporate settings. Students will learn to effectively screen venture ideas, formulate a business strategy, assess the potential viability of a new venture, and how, when, how much and what type of financing to raise.
Managing High Growth Companies 4432
This course provides an orientation to what it is like to manage a high growth company. Through a series of case studies, readings and shared experience, students will analyze young, rapidly growing ventures where time and money shortages, uncertainty, and the importance of rigorous evaluation of opportunities take on high orders of intensity. Students will also look at how factors like organizational structure, partnerships and financial expectations for success not only impact a growing concern, but themselves change as a company grows.
Entrepreneurial Finance 4439
The primary focus of this course is on the financial challenges confronting small and medium sized businesses that are growing rapidly or aspire to rapid growth. There is a focus on: (1) understanding the nature of the financing problem, (2) becoming familiar with the many sources of funds for these firms with particular emphasis on banks, angel investors, private placements, institutional venture capital and public issues of equity, (3) becoming familiar with the tax and regulatory environment within which such financing is obtained, and most importantly (4) learning the key elements that enter into the structuring of the “deal” between demanders and suppliers of funds.
Entrepreneurial Marketing 4441
The course focuses on the issues of growing the sales of high-potential ventures. Typically, these are ventures formed with the objective of either doubling sales for an existing business or building $20 million per year of new business from zero in less than five years. The high-potential setting highlights the conflicts between the expectations of employees and investors and the constraints of cash and time.
Leading Family Firms 4465
This course offers insights that are helpful to three types of audiences: (1) students that come from business families who expect to play a key role in family enterprises, (2) students that expect a career in investment banking, financial services or consulting, where there will be a high degree of interaction with business families, (3) entrepreneurs who realize that over the next decade a substantial number of family owned companies will change generational ownership, and many of these will be acquisition and merger candidates. A key purpose of the course is to make students aware of the massive economic role family-controlled businesses play in the global economy. It is a certainty that in the students future careers they will deal with an opportunity, a supplier, an employer or a philanthropic endeavor controlled by a business family. There are unique characteristics of these enterprises, and a key objective is to expose students to these characteristics and identify the strengths, weaknesses and best practices.
Management of Services 4434
This course is intended primarily for students who will work in any industry in the service sector and in any functional area of the organization. It will be of particular interest to those who will conduct business with service producers, or those who will purchase service businesses. This course takes both a strategic as well as an operational perspective and seeks to improve students understanding of organizations that produce services instead of (and in addition to) goods.
Strategic Leadership 4490
This course is designed to help students “wrap their brains” around the paradox of leading and managing. Organizations need leaders with a long-term perspective. This means that they need entrepreneurs and executives who are willing to accept risk and to invest in employee development and training, market research, and research and development. Organizations and new ventures also need executives with a day-to-day perspective who define levels of required return, specify budgets and evaluate subordinates on the basis of objective financial information in addition to the strategic process that led their organization’s performance. The paradox created by the necessity for today’s entrepreneurs to be both leaders and managers is the focus of this course.
Management of Professional Service Firms 4489
The professional service firm represents the confluence of two major trends in the global economy: the growing importance of the service sector and the increasing number of knowledge workers. A fundamental premise of this course is that, irrespective of the profession, professional service firms share a host of management challenges that are different from those in any other sort of organization. These differences are related to a common form of firm ownership — partnerships — the characteristics of professional work, and the needs and personalities of professionals. The course develops frameworks for analysis, classification and management. The objectives of the course are to study the special characteristics of professionalism, to improve our ability to succeed as professionals, and to improve our ability to manage professionals.
IVEY Entrepreneur Newsletter
We have redesigned and repositioned our newsletter and feature research translations as our core articles. Our wish is that these translations will come from Ivey faculty interested in the area of entrepreneurship or from Council members who have a specific expertise.
A research translation is ideal in that it is typically information that our readers will not be able to get anywhere else. Our new columns that have been added to our quarterly newsletter are Institute Buzz, Student Watch and Alumni Spotlight.
If you would like to receive a copy our quarterly newsletter free-of-charge please contact Ellen Brown
Current editions of our newsletter (pdf):
Past editions of our newsletter (pdf):
Quantum Shift
A rigorous five-day developmental experience, Quantum Shift annually challenges forty of Canada’s most promising entrepreneurs to improve their leadership style, inspire their business partners and maximize their growth opportunities.
Quantum Shift is for CEOs whose businesses are past start-up. They’re innovative, insightful business leaders. And they’re ready to shift a thriving enterprise to a whole new level of success.
Click to visit Quantum Shift.
Contact The Business Families Centre
David Simpson, MBA
Director, Business Families Centre
Pierre L. Morrissette Institute for Entrepreneurship
Richard Ivey School of Business
The University of Western Ontario
1151 Richmond Street North
London, ON N6A 3K7
Email
Tel: (519) 661-3080
Fax: (519) 850-2306
Business Families Centre Events
6th Annual National Family Business Day Celebration, 2009
In partnership with the Business Families Centre at the Richard Ivey School of Business on Thursday, October 22nd 2009 in London Ontario from 8:00am - 12:00pm at the historic London Hunt and Country Club. Keynote Speaker: David Bork, one of the world’s leaders in the field of counseling family business. Please see the official invitation HERE.
National Family Business Day, 2008
On Wednesday, October 22, Hartley Richardson, seventh family president, James Richardson & Sons, and his cousin, Carolyn Richardson Hursh, Chairman of the Board, shared the joys, challenges and secrets to success of family business at the 5th annual National Family Business Day celebration hosted by the Canadian Association of Family Enterprise (CAFE) Southwestern Ontario and the Business Families Centre at the Richard Ivey School of Business. See a full album of pictures on our Facebook Page HERE.
(l to r) David Simpson, BFC Director; Carolyn Richardson Hursh, Chairman of the Board, James Richardson & Sons;
Hartley Richardson, seventh family president, James Richardson & Sons; Larry Wynant, Acting Dean, Richard Ivey School of Business.
Launch of the Business Families Centre, May 2005
(l. to r.) Entrepreneur Philippe de Gaspe Beaubien; Dean Carol Stephenson; David Simpson, BFC Director
Vision and Strategy
The Centre’s formation recognizes the positive and pervasive effect family businesses have on global economies and the benefits accruing from a healthy understanding of the form. We chose “Business Families” (versus the historic tag of Family Businesses) to begin a new chapter of positive discussion, research and support in this area and to link this Centre with Ivey’s support of Entrepreneurs.
At inception, business families begin with an entrepreneur’s initiative. The transition from entrepreneur to business family can take many forms including multi-generational family management, a shift to family ownership (with professional managers), a sale of an enterprise leading to ‘re-seeding’ of capital to a new generation of entrepreneurs, or switching to philanthropic endeavour’s with the accumulated capital. The Centre supports the activities of these business families.
The Purpose
To enhance family business management through outreach programs, applied and academic research and the development of future family business leaders.
The Need
The family business structure is the oldest, most enduring form of commercial enterprise worldwide. In Canada, Family owned enterprises produce 45% of GDP, create nearly 70% of new jobs and employ 50% of the workforce. In the U.S. nearly 60% of public companies are controlled by families, and fully 30% of the S&P 500 are family controlled.
Over the next ten years, it is expected that nearly 75% of these businesses will transition to the next generation due to retirement or death.
Often negatively portrayed (smallness, nepotism, succession squabbles), recent research suggests in fact these firms out perform their counterparts, last longer, enjoy better worker relations and are superior contributors to their respective communities. There is a need to “celebrate” these achievements, understand and promote the strengths, and learn how to avoid the weaknesses.
The Strategy
To achieve the purpose of the Centre, we shall engage in three general areas:
Outreach Programs
The Centre shall be actively engaging family business owners and service providers by:
Delivery materials and programs developed by the Business Families Foundation
Celebrating Family Business through local and national awards
Hosting Family Forums and Speaker series
Providing executive education opportunities
Creating custom programs, and offering Ivey student support via consulting internships
Intellectual Capital
The Centre will develop a base of intellectual capital by:
Publishing the definitive North American casebook series
Developing an Asian case series with the Ivey Asian institute
Creating a functional resource centre including data base of relevant materials for families and advisors
Publish advocacy papers and relevant research in association with the Lawrence Centre on Public Policy, The Chamber of Commerce and other alliance partnersFuture Leaders
The Centre will enhance the development of the leaders of family businesses or their advisory firms by:
Delivering the MBA/HBA elective course “Managing the Family Firm”
Ensuring that new Family Business cases are included in a variety of course offerings including governance, entrepreneurship, strategy, finance and negotiation
Promoting executive education offerings to our Family Business owners and advisors
Offering a specialty program “Leading the Family Firms” modeled on the successful Harvard (US) and IMD (Europe) programs
The Structure
The Centre will be a semi- autonomous body with its own Advisory Board and Executive Director and Academic Director. The Centre will have numerous faculty associates from within Ivey with a variety of research and teaching interests. In addition, the Centre will have outside associates who are practitioners in this field. The Centre itself will be an initiative under the Institute for Entrepreneurship with appropriate reporting procedures.
Funding for the Centre includes the J.R. Shaw Chair in Family Business (for the academic Director), a “Founding Families Initiative” raising funds (and active advisory roles) from firms and families who are active in this area, and The Business Families Foundation (the de Gaspe Beaubien family).
“There are infinite possibilities…..when a family unites in business”
Business Families Foundation
3x5 Dinners
What’s 3 x 5?
A lot more than you may think!
The Pierre L. Morrissette Institute for Entrepreneurship has created a unique opportunity for Ivey HBA and MBA students to meet with and learn from several of the School’s most successful entrepreneurial alumni.
3x5 Dinners create the opportunity for three established entrepreneurs with a common area of expertise to have dinner with five dynamic Ivey students who are passionate about entrepreneurship.
This table of eight will discuss one of any number of topics relating to entrepreneurship such as:
Start Ups: Assessing Opportunities
Financial Strategy: Preparing to Meet a Financial Lender
Private Equity: Flow Generation, Deal Making, Closing, Portfolio Company Management & The Exit
Launching a Financial Service or Money Management Business
International Trade: Opportunities and Challenges
Venture Capital
How to Manage your Board of Directors…to name but a few
Student participation is limited to HBA and MBA students actively engaged in entrepreneurial courses and initiatives at Ivey.
Dinners are hosted by the entrepreneurs at a Toronto-area restaurant or club of their choice.
Host and student bios are circulated to the participants in advance of the dinner.
If you are interested in hosting a 3x5 Dinner or would like more information about this or other entrepreneurial initiatives provided by the Pierre L Morrissette Institute for Entrepreneurship, please contact: Sarah Buck, Initiative Coordinator Phone: 519.661.4221 .(JavaScript must be enabled to view this email address)
Entrepreneur in Residence (EIR)
Coaching and Guiding for Entrepreneurial Success
A key mandate of the Pierre L. Morrissette Institute for Entrepreneurship is to connect students with entrepreneurs, not only to expose students to owners engaged in managing and growing their organizations but also to showcase Ivey’s forward-thinking students who are generating new and innovative ideas through their program studies and business plan competitions.
An Ivey Entrepreneur in Residence is a person who has an outstanding track record either as an entrepreneur or involved in a start up. The EIR shares their expertise and exceptional knowledge with HBA and MBA students within the entrepreneurship programs at Ivey. Students gain real life knowledge from meeting and discussion on developing the students business plan. Through one-on-one coaching, the EIR consults with students in the New Venture Project (NVP) at Ivey. The NVP provides teams of four to five students develop a thorough business plan ready to take to market.
Role of the EIR
The EIR will come to Ivey campus to meet with students once in the fall term and at least once in the winter term. During this time on campus the EIR may be asked to speak to the students on their area of expertise for the Entrepreneurship club.
As well, the EIR will make themselves available to meet over the phone virtually. An EIR will work with NVP teams (depending on their availability). For the HBA group, EIR would receive the early-version of the students business plan in the fall and meet (in person if able) with the team to provide feedback, suggestions, ideas about soft-spots, areas of concern, etc.
A second meeting scheduled for early January, which is the halfway mark, so the EIR can gauge progress. Finally, there would be a face-to-face meeting at the presentation of the NVP where the EIR provides final comments and input.
Timeline HBA student teams November – December: EIR receive information on students business ideas as well as a power point slide deck on the business plan, initial stage EIR work with the business plan/idea that is the best fit for their expertise
January – meet with the students to gauge progress on business plan as the final plan is due mid February
March – Students pitch their New Venture Project to a panel of EIR for comments Contact Information
If you would like to participate as an Entrepreneur in Residence, or if you would like more information about this or other entrepreneurial initiatives provided by the Pierre L Morrissette Institute for Entrepreneurship, please contact:
Tara Grzegorczyk, Initiative Coordinator
Phone: 519.661.2111 Ext. 85409
E-mail: .(JavaScript must be enabled to view this email address)
Publications
Driving Growth Through Entrepreneurship & Innovation
In September 2005, Ivey introduced a new model for business education that recognizes and encompasses fundamental changes in the business world due to globalization and technological advances and their impact on the role of the ‘general manager’. Cross-Enterprise Leadership is an action-oriented approach that prepares high-performing Ivey graduates to look beyond the walls, org charts and silos and to approach issues from a perspective that spans the entire organization.
Cross-enterprise leaders need to be able to look beyond specific functions such as finance, marketing and operations to tackle issues of growth, innovation, productivity and globalization - and they must understand how every part of the business fits into a complex business environment. This, of course, is exactly how successful entrepreneurs have always worked, and it explains the role of the Driving Growth through Entrepreneurship and Innovation (DGEI) Research Centre within the Cross-Enterprise Leadership initiative.
For more information on recent publications visit our searchable Research Publications Database or contact Associate Professor of Entrepreneurship and Director of the Driving Growth Through Entrepreneurship and Innovation Research Centre Simon Parker or Ellen Brown.
Links for Entrepreneurs
The following links are organized into categories for Small Businesses, Associations and Federal Government. If you know of any additional links that would be informative and beneficial for others please email Ellen Brown. (Please Note: Links will open in a new browser window.)
Associations and Other Organizations
Canadian Chamber of Commerce National association which delivers programs and services (such as training and networking opportunities) to its members to help them improve their market performance.
Canadian Federation of Independent Business National association that offers information and support to its members.
Canadian Venture Capital Association Promotes Canadian business through the use of venture capital and through networking, research and education.
Canadian Youth Business Foundation A non-profit, private sector initiative designed to provide mentoring, business support and lending to young Canadian entrepreneurs.
Centre for Women in Business Provides support and information to women who own, or are considering opening a small business.
Entrepreneur.com This website provides interesting articles for entrepreneurs as well as for people starting a business, small business and how-to’s.
Fast Company Is a magazine that is published monthly. Their website features the current issue of Fast Company, archived issues, are other articles that are helpful for entrepreneurs.
Inc.com Is a magazine on business-management issues providing strategies for starting, growing and running your own business more effectively and successfully.
Profit Magazine This website offers resources to Canadian entrepreneurs focusing on a “how to” approach to growth strategies including marketing and finance, making technology work, developing export markets, innovation and motivation.
TechAlliance Is an umbrella organization formed with five key technology groups in London Ontario including the boards of the London High Technology Association, Biotech London Council, IT London Council and London Venture Groups.
The Ontario Business Service Centre Provides links to several useful financing resources.
The Wall Street Journal (subscription needed for full stories) See also www.startupjournal.com which does not require a subscription.
Federal Government
Business Development Bank of Canada Offers a complete range of services, particularly financial, management training and specialized consultation services, to assist small and medium-sized businesses.
Canada Business Service Centres (CBSCs) CBSCs are a collaborative effort between federal, provincial and private-sector organizations which provide information on government services, programs and regulations. Centres distribute videos, publications and offer seminars. A CBSC is in a major urban centre in each province – check your telephone directory, contact your nearest Industry Canada office or visit the web site.
Canadian Commercial Corporation As an export facilitator, the CCC provides Canadian companies with access to market opportunities and a wide range of export contracting services.
Export Development Canada Provides a full range of trade finance services that helps exporters and investors do business in up to 200 countries, including higher-risk and emerging markets.
Industry Canada Offers a wealth of information, programs and services. Refer to its web site or publication Guide to Government of Canada Services and Support for Small Business for contact points and details on everything from getting started to accessing new markets. Also operates Strategies, Canada’s largest business information web site.
Statistics Canada Collects and disseminates data on social and economic issues. Its Small Business and Special Survey Division provides information such as small business profiles, up-to-date details about financial expense and operating ratios, balance sheet information and provincial data for most industries. Regional offices listed in telephone directories.
New Venture Software
The NewVenture Website is the academic version of the award winning expert assessment tools The NewVenture Template and the NewVenture Profile. These online tools can help anyone involved with starting a venture, anyone involved in improving an on-going business and any corporation evaluating new business opportunities.
Advisory Council
The Entrepreneurship Council exists to help further the vision and aims of the IFE at the Richard Ivey School of Business. It acts as a powerful and visible body of leadership, influence and support within the constituencies the Institute serves.
The Entrepreneurship Council has five principal functions:
1. Advise the Institute, through the Executive Director, on issues that have the most significant impact on the accomplishment of the Institute’s vision and strategy; assist in the development of and on-going review of the Institute’s long-term planning and special initiatives; represent the interests and needs of the entrepreneurial community to the Institute and School.
2. Communicate, endorse and advocate the Institute’s interests to external constituencies such as the greater business community, to raise its profile as a leading entrepreneurial education provider, and to engender support and understanding of its goals.
3. Assist the Institute in meeting its financial development goals.
4. Act as a confidential sounding board to the Executive Director on issues pertaining to the advancement of the Institute and the achievement of its vision.
5. Evaluate the performance of the Institute on the progress toward achievement of its overall goals and objectives on an annual basis.
ENTREPRENEURSHIP ADVISORY COUNCIL 2009-2010
David Wright,* HBA ’83 - Council Chair
Agora Consulting Partners Inc
Ian Aitken, HBA ’87
Pembroke Management Ltd
David Anyon, EMBA ’97
Corporate Advisor & Director
Bruce Barker*
Bennett Jones LLP
Andrew Barnicke, HBA ’83
DTZ Barnicke Investment Group
Michael Boyd,* MBA ’76
Corporate Advisor & Director
Ron Close, HBA ’81
Richard Ivey School of Business
Bob Dhillon, EMBA ’98
Mainstreet Equity Corp
Bill Di Nardo, HBA ’91
Eventi Capital Partners
Stephen Gunn, MBA ’81
Sleep Country Canada
James Hall, HBA ’71
James Hall Advisors Inc
Melinda Lehman, MBA ’94
Synecticsworld
Pierre Morrissette, MBA ’72
Pelmorex Media Inc
Eric Morse
Richard Ivey School of Business
Alexa Nick, MBA ’95
Customer Realities Group Inc, myPractice Canada Inc, myPractice LLC
Robert Peterman,* MBA ’02
TMX Group Inc
Larry Rosen, MBA ’81
Harry Rosen Inc
John Rothschild, MBA ’73
Prime Restaurants of Canada Inc
Paul Sabourin, MBA ’80
Polar Securities Inc
Stephen Suske, MBA ’77
Suske Capital Management
Stewart Thornhill*
Richard Ivey School of Business
Michael White, MBA ’00
IBK Capital Corporation
*Indicates Member of the Executive Committee
Honorary Advisory Council Members
Ron Bresler, MBA ’83
BML Group
Greig Clark, HBA ’74
AAB Building Systems
Jeff Dossett, HBA ’83
AdventureLink Inc
John Eckert, MBA ’85
McLean Watson Capital Inc
David Ganong, MBA ’70
Ganong Bros Ltd
Anton Rabie, HBA ’94
Spin Master Ltd
Pierre Rivard, MBA ’83
MAGENN Power Inc
Scholarships
See an album of photos from this years scholarship dinner here.
Entrepreneurship Awards & Scholarships
HBA Awards & Scholarships
Advancing Canadian Entrepreneurship HBA Award
John R. Currie HBA Award in Entrepreneurship
Gudewill Scholarships for Entrepreneurship
Pierre L. Morrissette HBA Award in Entrepreneurship
Tevya Rosenberg HBA Scholarship in Entrepreneurship
MBA Awards & Scholarships
Benjamin D. Anyon MBA Award in Entrepreneurship
Navjeet (Bob) Dhillon Scholarship
Hydrogenics MBA Award in Entrepreneurship
Schulich Award for Entrepreneurship
PhD Awards & Scholarships
Pierre L. Morrissette Doctoral Scholarships
For complete details on any of these Awards and Scholarships, and for information on how to apply, please contact the Ivey Financial Aid Office.
Advancing Canadian Entrepreneurship HBA Award
The Advancing Canadian Entrepreneurship HBA Award funds $2,500 for an HBA1 student at the Richard Ivey School of Business, with a minimum 70% average and demonstrated financial need. Preference will be given to a student who has been a member of Advancing Canadian Entrepreneurship (ACE). The award may be renewed for HBA2 upon successful completion of year one and enrolment in entrepreneurial courses offered in HBA2.
Ian Aitken, HBA ‘87 founded Advancing Canadian Entrepreneurship (ACE), formerly ACE-Canada, while he was a student at Western, and later created this award to help attract top students to Ivey.
Launched in 1987, ACE is a national, not-for-profit organization dedicated to teaching and igniting young Canadians to create brighter futures for themselves and their communities. ACE teams advance entrepreneurship through the educational outreach projects and initiatives they develop and execute on university and college campuses across Canada.
Benjamin D. Anyon MBA Award in Entrepreneurship
The Benjamin D. Anyon MBA Award in Entrepreneurship awards $5,250 to a full-time MBA student of outstanding quality who personifies the spirit, passion and drive to become a successful Entrepreneur.
The Benjamin D. Anyon MBA Award in Entrepreneurship was created to support the entrepreneurial spirit at Ivey as well as reinforce that Ivey is a business school promoting future up-and-coming Canadian entrepreneurs.
Entrepreneurship Advisory Council member David Anyon, EMBA ‘97, generously donated this scholarship in memory of his father, Benjamin D. Anyon. Mr. Benjamin Anyon was a visionary, a leader in the field of entrepreneurship who was passionate about giving back to his community. Ben developed the patent design of more than 10 different pieces of restaurant equipment and sold three companies in separate transactions prior to retiring in 1995.
John R. Currie HBA Award in Entrepreneurship
The John R. Currie HBA Award in Entrepreneurship awards $5,000 to a second year HBA student in the entering the Certificate for Entrepreneurship Program. Preference will be given to a Canadian student.
John Currie, HBA ’60, founded Associated Brands, Inc – his second entrepreneurial enterprise – in Toronto in 1985. Today the company is a major North American maker and supplier of private-label dry food products.
Currie’s achievements as an entrepreneur in Canada, and the important role of the Richard Ivey School of Business in that success, prompted him to establish an endowment fund at Foundation Western. “I want to encourage entrepreneurship in Canada as I feel that it is very important as we go into a global economy,” says Currie, who recently retired as executive chairman of Associated Brands. “Over the years I have also been urging Ivey to be more active in entrepreneurship and wanted to put some real support behind those words.”
Currie’s gift supports Ivey’s Cross-Enterprise Leadership initiative, a revolution in business education that better prepares students to lead in today’s complex and increasingly global corporate environment.
Nelson M. Davis Scholarship
The Nelson M. Davis Scholarship funds two $6,500 awards to two MBA students who demonstrates academic and leadership ability, entrepreneurial skills and an interest in contributing to the development of the Canadian economy and one’s own community.
Mr. Nelson Davis (1906-1979) was a prominent Toronto businessman whose knowledge, breadth of vision and accomplishments were outstanding endorsements of the free enterprise system. He believed that in business dealings complete integrity was paramount and that one should strive to excel in every undertaking. These beliefs and principles contributed greatly to the success and prosperous growth of the many Canadian businesses with which he was associated.
In appreciation of Mr. Davis’ fine example, a Scholarship Fund was established by his close business associates to encourage outstanding students in the field of business management.
Navjeet (Bob) Dhillon Scholarship
The Navjeet (Bob) Dhillon Scholarship awards $37,500 to an incoming MBA candidate with demonstrated experience as an entrepreneur as well as academic achievement.
This award was established by a generous donation from Navjeet (Bob) Dhillon, EMBA ‘98.
Gudewill Scholarships for Entrepreneurship
The Gudewill Scholarships for Entrepreneurship fund two awards of $10,000 - one for an HBA 1 student and one for an HBA 2 student. This is not a continuing award.
These awards are given annually to students entering HBA 1 and HBA 2 at the Richard Ivey School of Business with academic achievement (minimum 80% average) and who have graduated from a publicly funded high school. Preference will be given to students who have demonstrated an interest in entrepreneurship and/or are residents of British Columbia.
Hydrogenics MBA Award in Entrepreneurship
The Hydrogenics MBA Award in Entrepreneurship funds a $4,750 award for an MBA student who is actively engaged in entrepreneurship at Ivey, who demonstrates leadership and who has excelled academically. Preference will be given to a student with demonstrated financial need, as per the Admissions Office.
Ivey alumnus Pierre Rivard, MBA ‘83, formerly President & CEO of Hydrogenics Corporation, generously donated funds to establish the Hydrogenics MBA Award in Entrepreneurship. This award was created to support the entrepreneurial spirit of Ivey MBAs engaged in entrepreneurship, as well as reinforce Ivey as a business school that champions up-and-coming Canadian entrepreneurs.
Mr. Rivard has been an active supporter of entrepreneurship at Ivey, serving several years on the Entrepreneurship Advisory Council, and providing leadership in the successful launch of the Integrative Program Event in 2005.
Pierre L. Morrissette HBA Award in Entrepreneurship
The Pierre L. Morrissette HBA Award in Entrepreneurship funds a $5,000 award for a student who was accepted into the Richard Ivey School of Business HBA program via the School’s Advanced Entry Opportunity. In addition to illustrating outstanding academic quality (minimum 90% average from high school), the successful applicant will have expressed an interest in entrepreneurship based on their AEO application. Payment of the award is conditional upon the recipient’s successful application and entry into the HBA Program and the Entrepreneurship Stream at the Richard Ivey School of Business. Funds will be awarded upon entry to HBA 2.
Pierre L. Morrissette, MBA ‘72, President and CEO of Pelmorex Media Inc., generously donated funds to establish this award in recognition of the 10th anniversary between The Weather Network (Canada) and Weather Channel Networks (USA), and in honour of Mr. Morrissette’s passion, leadership and entrepreneurial spirit.
Tevya Rosenberg HBA Scholarship in Entrepreneurship
The Tevya Rosenberg HBA Scholarship in Entrepreneurship is awarded annually to a student who is entering HBA 1 at the Richard Ivey School of Business with academic achievement (minimum 80% average), and demonstrated community leadership. Preference will be given to a female student who is applying for acceptance into the Certificate in Entrepreneurship stream.
Teddy Rosenberg, the donor of this award, is an Ivey HBA ‘73. Teddy is an active member of the Ivey Entrepreneurship Council and an entrepreneurship guest lecturer. She established this award to encourage women studying business, particularly entrepreneurship.
Schulich Award for Entrepreneurship
The Schulich Award for Entrepreneurship funds two $1,000 awards for MBA students at the Richard Ivey School of Business with outstanding academic achievement (minimum 78% average) and an entrepreneurial drive and spirit.
This scholarship is made possible by a generous gift from Mr. Seymour Schulich.
PhD Scholarships
Pierre L. Morrissette Institute for Entrepreneurship Doctoral Scholarship
Awarded to full-time graduate students pursuing a PhD in Business Administration with a focus on entrepreneurship, based on academic and professional achievements. Students may receive the Pierre L. Morrissette Institute for Entrepreneurship Doctoral Scholarship for up to four years. A list of eligible candidates will be reviewed annually by the Associate Dean of Research, the Director of the PhD program, and the Director of the Pierre L. Morrissette Institute for Entrepreneurship at the Richard Ivey School of Business. The Director of the Pierre L. Morrissette Institute for Entrepreneurship will make recommendations to the Associate Dean of Research and the Director of the PhD Program who together will make the final decision for selection of the candidate. These scholarships were established by the Pierre L. Morrissette Institute for Entrepreneurship at the Richard Ivey School of Business. Value: 3 at $25,000
For complete details on any of the above Awards and Scholarships, and for information on how to apply, please contact the Ivey Financial Aid Office.
FAQ
1. When do students apply to be in the Certificate in Entrepreneurship Program?
HBA students can apply to the Certificate Program in first year at Ivey. We will hold information sessions in the fall and provide more detail on the program. Applications are available from The Institute for Entrepreneurship.
2. What is the internship component of the Certificate in Entrepreneurship?
To meet the internship requirement students are given the option to do one of the following:
- Participate in the entrepreneurship summer internship program
- Start their own business over the summer
- Waive the requirement because they have previously ran, or are running, their own successful start-up.
3. Are there scholarships available for students specifically in the Entrepreneurship program?
The following scholarships are available for HBA students enrolled in the Certificate in Entrepreneurship:
Advancing Canadian Entrepreneurshp HBA Award (ACE)
John R. Currie HBA Award in Entrepreneurship
Gudewill Scholarships
Pierre L. Morrissette HBA Award in Entrepreneurship
Tevya Rosenberg HBA Scholarship in Entreneurship
The following scholarships are available for MBA students with a demonstrated interest in Entrepreneurship:
Benjamin D. Anyun MBA Award in Entrepreneurship
Hydrogencis MBA Award in Entrepreneurship
Nelson M. Davis Scholarship
Schulich Award for Entrepreneurship
There are also three Pierre L. Morrissette Doctoral Scholarships available to PhD students.
More information about scholarships.
Case Studies
Case studies are interactive, dynamic, and participant-driven teaching tools designed to guide students through real-world case examples of business issues. Students learn to analyze information, develop rational alternatives, make decisions, and recommend implementation tactics in time-sensitive situations, just as they would as practicing managers.
Ivey is the second largest producer of management case studies in the world. These cases are used extensively in our degree and executive education programs, and are also available to other universities, business and government organizations.
The Institute has undertaken the laborious task of both identifying entrepreneurship cases within the Ivey database and classifying them into subcategories. We have also undertaken a major case writing initiative that will add cases to areas (subcategories) that have had minimal to no coverage. The outcome of this exercise will potentially be the publication of a series of entrepreneurship case books.
Categories of Entrepreneurship Cases
- International Entrepreneurship
- Women Entrepreneurs
- Family Business
- Corporate Entrepreneurship
- Sustainable Entrepreneurship (Environment focus)
- Social Entrepreneurship
Entrepreneurial Finance
- Venture Capital
- Initial Public Offering
- Mergers & Acquisitions
- Boot Strapping
- Harvest (deal structure)
- Cash Flow Management
Entrepreneurship “Process”
- Searching for Ideas/Opportunities
- Screening Ideas for Business Opportunities
- Planning (Operations & Business Plans)
- Entrepreneurial Marketing
- Entrepreneurial Strategy (Harvest, etc.)
- Stakeholder Planning
- Vision/Principles/Values
- Legal Issues (Intellectual Property)
- Growth of Entrepreneurial Ventures
- Franchising
For more information on Entrepreneurship cases please contact Ivey Publishing.
PhD Scholarships
The PhD program is an important means of providing entrepreneurial research assistance to faculty, and increasing the overall academic output of Ivey. Educating PhD candidates at Ivey is important because it gives us the opportunity to train teachers of the next generation of entrepreneurs.
The IFE is offering a scholarship for PhD students who wish to study entrepreneurship. IFE would like to have a minimum of one PhD student per year (for a total of 4). The fall of 2003 will saw the enrolment of the first Ph.D. student in the area of entrepreneurship funded by the Institute. We are encouraged by our progress in this regard, and excited about the future potential of entrepreneurship research and study at Ivey. Research output from these students will help raise the profile of entrepreneurial research at Ivey, and give the Institute academic credibility in this field. Special thanks to Starcan Corporation for their generous support. The first recipient of the Starcan Doctoral Scholarship is Vanessa Strike.
For more information on a PhD in the area of entrepreneurship please contact Stewart Thornhill at the Institute for Entrepreneurship.
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Terms specific to Ivey Business Journal Online.
Reprints are available for most Ivey Business Journal (print) articles and all the contents of Ivey Business Journal online.
Individuals may print single copies of IBJ articles from IBJ online or the archives on the IBJ site for personal study and research. Reproduction of multiple copies or dissemination for teaching or commercial use requires the permission of Ivey Publishing, and payment of the applicable fees.
To order reprints or obtain permission to reproduce any article, please visit the Ivey Publishing website or use this form (pdf) . Please order using the applicable reprint number.
To view the Ivey case collection, please visit Ivey Publishing
Photos
Ivey Institute for Entrepreneurship is very active in the community. Below are a few photos of past events.
See a full collection of photo albums on our Facebook Page.
Search Results
Contests
Ivey is host to a number of entrepreneurial/business planning contests throughout the academic year.
News
Check this section often for news and upcoming events.
Entrepreneurship Annual Report
Message from the Council Chair
Much of the activity of the 2008-2009 academic year was inspired by change,providing a unique opportunity to review the aspirations and core values of the Pierre L. Morrissette Institute for Entrepreneurship.
Inn July 2008, Professor Stewart Thornhill was appointed Executive Director of the Institute. Stewart’s expertise in strategicleadership enabled the Institute to look with fresh eyes and retune it’s core offerings in response to the increasingly complex challenges faced by Ivey students and alumni entrepreneurs.
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The Institute also welcomed Ron Close, HBA ’81, as Executive Entrepreneur-in-Residence, and Professor Simon Parker, as Director of the Driving Growth through Entrepreneurship and Innovation Cross-Enterprise Leadership Centre. A successful entrepreneur, Ron brought enormous practical experience to the classroom while Simon, a research professor at the Max Planck Institute (Germany) and a fellow of the Amsterdam Center for Entrepreneurship(The Netherlands), broadened the Centre’s research foci.
The winds of change stirred Council as well. On May 1, 2009 David Wright, HBA ’83, was appointed Chair. Active on Council for several years, David brings continuity and strong leadership to the role. I would also like to acknowledge outgoing Teaching Committee Chair, Teddy Rosenberg, HBA ’73, who grew that mandate significantly with her dedication for the Institute. Michael Boyd, MBA ’76 and Robert Peterman, MBA ’02 now chair the Teaching and Outreach committees, respectively.
Sincere thanks to Lisa Colnett, HBA ’81, Deland Jessop, MBA ’02, John Besterd, HBA ’78 and Russell Payson, MBA ’70 who transitioned off Council this year, and a hearty welcome new members Ian Aitken, HBA ’87, Bob Dhillon, EMBA ’98 and Alexa Nick, MBA ’95.
In closing, I thank Council for their active involvement in the classroom and at Institute events, and for their ongoing financial commitment in support of entrepreneurship at Ivey.
David S. Anyon, EMBA ‘97
Around Campus
A look at the entrepreneurial events taking place on or around Ivey’s London, Ontario main campus.
Alumni Events
Events hosted for graduaes of the Richard Ivey School of Business Certificate in Entrepreneurship Program.
First Class on the Road
If you’re ready to experience the Ivey case-method of learning, then you need to check out First Class on the Road in a city near you. At First Class on the Road (FCOTR), you will get a taste of life in the Ivey MBA classroom - an Ivey faculty member will facilitate the class while you participate in the case discussion with other candidates and Ivey alumni. All participants will be provided with a case in advance to review.
To learn more about First Class on the Road, please visit the Ivey MBA Website. From the link you may see the most recent First Class on the Road events, and register for one in your area!
News & Events
Check this section often for news and upcoming events.
Video
Check here from time to time for video of lectures, interviews and activities and events sponsored by Ivey.
Articles
Entrepreneurship at Ivey has been very active in the news - see below for some of our featured articles.
Blogs
Welcome to Ivey’s Entrepreneurship Blog. We’ll keep track of entrepreneurial thoughts and activities taking place at Ivey and offer insight with interviews and feature posts of successful leaders in our community.
Click a ‘category’ link in the left hand side bar or click the blog title below for recent posts in the IVEY Entrepreneurship Blog.
Also, don’t forget to subscribe to our RSS feed by clicking the ‘rss’ icon to the right or check back frequently for regular updates.
Research
One of the most important roles for any business school is the generation of intellectual capital – the continuous development of new insights and new models for the discovery of best practices that have direct relevance to managers today. Schools that deliver cutting edge research not only provide real value to the academic community but also ensure that their programs are consistently renewed with new insights, which have a direct effect on the business community.
Business & Family
The mandate of Business Families Centre (BFC) at the Richard Ivey School of Business includes a three-pronged approach to business families: study, support, and celebrate. National Family Business Day allows us to accomplish all three.
National Family Business Day is an annual event hosted in collaboration between the BFC and the Canadian Association of Family Enterprise (CAFE) southwestern Ontario chapter.
National Family Business Day October 23, 2007
(l. to r), David Simpson, BFC; Jeff Noble, CAFE; Noah Tepperman, Tepperman’s; Rick Doerr, Westervelt College More information about the 2007 National Family Business Day can be found in our Winter 2008 Newsletter.
“There are infinite possibilities…..when a family unites in business”
Business Families Foundation
Student Activities
- Innovation Challenge
- New Venture Project
- IBK Capital Business Plan Competition
- Entrepreneurship Club
- LEADER Project
Innovation Challenge
Every year, Certificate in Entrepreneurship students are assigned the challenge of developing and launching a successful new venture within a time frame of just two weeks and a capital investment of just $5. The 2009 Innovation Challenge was won by Clarke Markle, Chris Petrow, Matt Montemurro, Chris Stefanyk, and Tim Warmels who created a profitable varsity sports package, which included UWO football, hockey and baseball tickets, as well as a Western Athletics t-shirt.
See a full set of Innovation Challenge pictures here.
Ivey New Venture Project
The Ivey New Venture Project (NVP) is an entrepreneurial, team-based field project that takes students through the process of developing/refining an idea for a new venture, researching and analyzing that opportunity, writing a detailed and compelling Business Plan and creating/presenting a “Business Plan Pitch” to an external review panel.
NVP provides students with the opportunity to apply their business knowledge to the identification and development of a commercial enterprise and to test and refine their concept through participation in entrepreneurial skill-building classes, high profile business plan competitions and coaching sessions with Ivey faculty and established Entrepreneurs-in-Residence. NVP culminates with the submission of a written plan and a live ‘pitch’ to an external venture review panel.
Participation in NVP is based on submission of a competitive application which is evaluated on the merits of creativity and innovation, clarity of the value proposition, engagement and passion of team members, and ability to move the idea forward.
NVP Final Presentation Dates:
March 5, 2010 - Spring MBA/AMBA
March 26, 2010 - HBA
May 28, 2010 - Fall MBA
See more information at the Ivey New Venture Project official homepage here or e-mail Tara Grzegorczyk.
IBK Capital Business Plan Competition
www.iveybpc.com The IVEY BUSINESS PLAN COMPETITION is Canada’s premiere student business plan competition. With entrepreneurial teams drawn from business schools across the country, the competition offers students an opportunity to present innovative business plans to potential investors, while providing investors an advance look at up and coming Canadian ventures.
The event is organized entirely by student volunteers and funded by private sponsorship. Winner of the IVEY BUSINESS PLAN COMPETITION will also represent Canada at the pre-eminent Global MOOT Corp Business Plan Competition at the University of Texas at Austin. The event is designed to bring together organizations and individuals interested in promoting entrepreneurial activity in Canada. This includes entrepreneurs, venture capitalists, government agencies and academics among others. The strategic vision for the Competition is to grow this annual event to attract national attention on entrepreneurial activities and the direction of this important aspect on the economy.
Since 1999, hundreds of teams from across Canada have developed business ideas and presented them to a distinguished panel of judges at the Richard Ivey School of Business in London, Ontario. Past winners of the Competition include teams representing University of British Columbia, Richard Ivey School of Business, as well as Duke University. back to top
See all the IBK Business Plan Competition pictures here.
Entrepreneurship Club
Entrepreneurs @ Ivey is a student-run club dedicated to educating, encouraging and inspiring entrepreneurship among members. It encourages active membership participation and provides opportunities for members to realize goals through networking events, idea exchanges and support from Ivey faculty and alumni. Members want to work in an entrepreneurial environment, develop and hone entrepreneurial skills and become global leaders, entrepreneurs and venture capitalists. The Entrepreneurship club works closely with the Institute for Entrepreneurship in planning events and networking with Ivey alumni. back to top
The HBA ACE Entrepreneurship Club has hosted/co-hosted events such as: Financing for Entrepreneurs, The Ivey Film Festival, Social Enterprise Bootcamp, Lessons from an Angel Investor (Video), Summer Business Ideas, Microfinance Day, and Craig Simpson - Business and the Team (Video).
The LEADER Project is a student run initiative to help develop skills in the former Soviet Union. Established in 1991 as Project USSR, volunteer instructors taught basic skills of finance and accounting, marketing and general management to selected Soviet officials and hopeful entrepreneurs at various institutions in Moscow and Leningrad. In 1993 project USSR was renamed the LEADER Project. The Project has expanded to include cities in Russia, Ukraine, Belarus, Lithuania, Latvia and now Cuba.
This year there are 54 students involved and over 10 sites visited. A new site has been added to the LEADER Project this year which will focus on teaching Entrepreneurship skills. The IFE was actively involved in writing the new curriculum and also provided funding for five students to teach entrepreneurship in Dnipropetrovs’k, Ukraine for a period of seven days. The IFE is looking forward to future involvement with the entrepreneurship component of the LEADER Project.
See an album of photos from the LEADER site Togliatti, Russia here.
Certificate in Entrepreneurship
Certificate in Entrepreneurship
The Certificate in Entrepreneurship, created for HBA and MBA students enrolled in full time program studies at the Richard Ivey School of Business, offers a coordinated set of courses and experiences that will best position future owner-leaders to begin their entrepreneurial careers.
The Certificate provides valuable entrepreneurship experience to students who:
1) are committed to starting a new business as soon as feasible
2) intend to launch or buy a new business at some point in the future
3) are affiliated with a business family and are considering a next-generation leadership role
3) know that many of the best employers seek employees with entrepreneurial skills and abilities
For complete details on Certificate requirements and how to apply, please visit:
Certificate in Entrepreneurship for Ivey MBA
Overview and Requirements
Application (MBA)
Certificate in Entrepreneurship for Ivey HBA
HBA students may apply to the program during January of their first year. For more detailed information, download the Information Session Slideshow (ppt 1MB).
Programs
Many other entrepreneurship programs are built around writing Business Plans. Students who spend all of their time doing this will be good at writing business plans but not necessarily good entrepreneurs.
While it is important to be able to write a good business plan, at Ivey we believe it is more important to be immersed in a variety of entrepreneurial experiences - to learn HOW to be an entrepreneur rather than ABOUT entrepreneurship.
Faculty
The Entrepreneurship Team
Stewart Thornhill
Associate Professor, ERA Fellow in Entrepreneurship and Executive Director,
Pierre L. Morrissette Institute for Entrepreneurship
(519) 661-4001
Simon C. Parker
Associate Professor, Entrepreneurship and Director, Driving Growth through Entrepreneurship and Innovation Cross-Enterprise Leadership Centre
(519) 661-3861
J. Robert (Rob) Mitchell
Assistant Professor, Entrepreneurship
(519) 850-2463
Dave Simpson
Director, Business Families Centre
(519) 661-3080
Ron Close
Executive Entrepreneur-in-Residence and Director, Ivey New Venture Project
(519) 661-3273
Sarah Buck
Initiative Coordinator
(519) 661-4221
Ellen Brown
Initiative Coordinator
(519) 661-4236
Richard Ivey School of Business
Contact
Articles & Blogs
Do you have an entrepreneurial spirit? There is always something happening for you at Ivey. See the latest posts for the most recent entrepreneurial activity at Ivey.
Business & Family
About MIFE
The core values promoted by the Institute are: learning that transforms lives; the development of research that profoundly impacts academic and practitioner audiences; and outreach that builds the Ivey Brand.
For a link to our most recent Intouch Newsletter, click HERE.
Purpose
Our purpose as an Institute is to enable learners to create and capture value as owner leaders of high growth enterprises.
Vision
Ivey will be the first choice of the best learners who are pursuing or wish to purse an entrepreneurial path. We will be admired by our peers and external stakeholders for our innovative programs, research productivity and contribution to practitioners. Through our interaction with learners we will transform lives and significantly contribute to the Canadian Economy. The Ivey Brand will be synonymous with entrepreneurial success.
How we Define an Entrepreneur
We define an entrepreneur as an owner leader of any size enterprise who takes measured risks to create value and grow their enterprise.